Member Info for OracleofOldham

I got mine in HL and II.

Silly question but you did buy in before the ex-div date?!

Oh dear, a lot of Russiophiles arriving here sour from losing all their money in Pog and Poly.

Well he has that big inheritance bill on his hands, oh wait.

To bring together the Western nations so they can offer a united defense against the ravishes of the USSR and thus not be picked off one by one ala Hungry, Romania, Poland, etc

I guess we're all share holders or Thungela, or most of us and thanks for the info.

Thermal coal is certainly on the wane so good Anglo got rid imo but whilst the world needs steel there will be demand.

I expect part of why Anglo call it steel making is to make it seem cleaner somehow or greener.

AO Let's go I believe is the thing to say about the last couple weeks

Good results,

just for my understanding around

"Steelmaking coal production expanded by 28% in the quarter, which Anglo American said was mainly due to higher production levels at its open-cut operations, which were impacted by unseasonal wet weather in the corresponding period of the previous year."

Am I right Thungela was just the thermal coal that got split off then, but Anglo are keeping (at least for now) the coking coal business?

Crest is the other builder I'm in too, only just started buying so disappointed on that side that Persimmon and Crest have flown before I could add even more but my mortgage is due for renewal in Feb so swings and roundabouts

Every one can have their own figures and tbf there is a lot of stocks out there that are also well undervalued and don't have Russian tanks a few hundred miles from their production facilities.

However for me, the risk was earlier in the war, I can't see Russia being able to push through Ukraine now the West has it's supply lines well set.

Now Ferrexpo have done much better than I expected given the situation and with a market cap almost half their tangible assets to me the reward is worth risking a little more money.

Certainly not one to go all in on unless you are 100% you can afford to lose everything but definitely seems a good share to risk it for a biscuit

It can make it anyway, this is just the same as Shell and BP saying windfall tax will stop investments, just for show and keep regulators off the grass

I mean there obviously is a bottom, if there's a cost to build a home yourself then you are going to pay that or more for a house that's already built for you.

However what I'm pointing out mainly is that homes are most often bought with 2 salaries and it's quite comfortable for 2 people both on around £30k to borrow £150-£200k mortgage so with there being way too few houses being built yearly in the first place, and anyone with a fixed rate mortgage having absolutely no reason to move to a new house over double the interest, the lack of houses on the market compared to buyers, will keep the lower end of the market pretty much where it is (plus you have to be a whole year in arrears before a lender will not foreclose on you so no glut of houses on the horizon).

Lol

This sounds like a gift voucher, it does the same job as currency but you can only use it for specific items at specific stores/countries.

How would trading in this new stablecoin be different to the rest of the world then if they were just trading in their own currency?

Thanks Mike,

wonder how much is down to funds ad trackers pulling out/buying in, and how much is down to the general decline or increase in price over the longer term that's positioned them in the relegation or promotion zone

I've held shares that have fallen out or moved up to the FTSE 100 and can't say I've ever seen a spike or drop just because of the move. Also at 105th the percent a FTSE100 tracker will be holding in Persimmon will be very small.

House prices might come down a lot at the top of the market but due to the cost of building a home in labour and materials a bottom is set under the lower end, and one thing I never see mentioned when there is talk about how houses used to be 2x 3x average wage but now are 6x 7x. Most houses are now bought with two salaries not just one so the average couple can well afford £200k, £250k prices if not more, even at these rates.

Sounds like a good time to be buying

Yep inflation dropping quick everywhere else in the world so even with this charlatan government and the brexit dividend inflation will come back down here too.

In fact it may be argued, and I am eating my own cooking here, that now is the time to be buying stocks as more and more money sits on the sidelines or gets pulled out into savings accounts.

All that money will have to come back in in a year or two to get decent returns again.

Some might say that's what Vod have been doing these past years and why so much capex has been spent building the infrastructure for 5g that other networks will have to rent the usage of.

This is definitely a few years play but once the infrastructure has been built, assuming people stop burning them to stop covid :O , the debt will start dropping pretty quick here whilst margins jump.

In mean time the market cap is pretty close to net tangible assets so you are getting all future growth for free plus being paid 5%+ a year to wait.

Seems pretty decent deal

Seems a great price to be picking up shares imo.

Perfect time when everyone is scared of an industry rather than specific issues with the actual company.

Gov can't afford house prices to fall much with an election next year and with most people sitting on fixed mortgages there won't be huge amounts needing to sell up (plus banks have agreed to let someone go a year behind before they will reposes) so underlying mass shortage of homes in the country is what will determine what houses sell for.

Also Crest seems the most undervalued in the field so all in all I'm a buyer here.

Inflation increases house prices as they are a finite resource and one that is linked to the cost of build. Wood, bricks, cement, and esp labour means there will likely be no big drop.

Second banks have agreed to allow people to switch to interest only payments short term or increase loan length where needed and have also agreed they won't reposes houses until the owner is behind for at least a year.

Only a tiny percent of population have variable rate mortgages or are at end of their fixed term so there will be no influx of new sellers on the market, and the country as is very well know has much too few houses for the population requirements meaning a high floor is under prices as there are many buyers out there.

I'm buying right now, fear of future, recessions, inlation, etc is always a good time to be buying stocks that others are letting go cheap.

What a bugger, hopefully stay under a quid until my ISA bonus comes in